Notice of Critical Status for Building Service 32BJ Pension Fund

This document is about a notice from the Building Service 32BJ Pension Fund informing that the fund is in critical status, which means it has funding or liquidity problems. As a result, the fund is required to adopt a rehabilitation plan that may include reducing or eliminating certain "adjustable benefits" such as 36-month payment guarantees, disability benefits, and early retirement benefits. The document also explains the employer surcharge that will be required to help correct the fund's financial situation, and provides information on where to get more details about the rehabilitation plan.